Home   >   Economy   >   Alan Greenspan: Stock Market Bottom Will Take Awhile

Alan Greenspan: Stock Market Bottom Will Take Awhile

By on August 8, 2011

Alan Greenspan was on Meet the Press today and said he believed the reaction to the U. S. credit downgrade would weigh on the markets.  He stated the effect will be “profound.”

Greenspan talked about the importance of Europe to the U. S. economy citing that a fourth of U. S. exports go there.  He added that Italy’s difficulty in selling its bonds creates a massive problem in that they can’t be bailed out.

Visit msnbc.com for breaking news, world news, and news about the economy

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>